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2023 (3) TMI 97 - AT - Income TaxReopening of assessment u/s 147 - admissibility of deduction u/s 54B and in respect of valuation of the property - HELD THAT:- Facts of the present case are identical to the facts as were in [2016 (3) TMI 1061 - ITAT DELHI] in the case of one of the co-owner and brother of the assessee. Therefore, respectfully following the decision of the Division Bench we hereby set aside the assessment order and direct the AO to make assessment afresh in the light of binding precedent after affording adequate opportunity to the assessee. The grounds raised in this appeal are allowed for statistical purpose only.
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